Jeo Boden, along with its Trump-inspired variant “Doland Tremp” (TREMP), tends to rally in response to significant developments in the election.
Today, the market capitalization of a meme coin inspired by U.S. President Joe Biden has increased by more than 70% to $324 million.
A satirical Solana meme token, Jeo Boden (BODEN), derides Biden’s public persona and policy stances.
The website showcases rudimentary parodies of the president of the United States and makes extensive use of the Comic Sans typeface, interspersed with a multitude of memes, in its presentation.
Additionally, there is a Trump-inspired variant known as Doland Tremp (TREMP).
BODEN, introduced almost a month ago, has increased by nearly 2,000% since then, primarily due to the buzz surrounding the impending U.S. presidential election and the ongoing meme coin craze on social media.
BODEN, similar to its counterpart TREMP, appears to rally whenever significant developments occur in the U.S. election.
Jeo Boden vs. Doland Tremp
As indicated by the most recent polls, the news that Donald Trump is ahead of Joe Biden in six states is responsible for today’s surge. Before this, Biden had secured most of the swing states in 2020.
Today, in response to this report, the TREMP meme coin also increased by more than 23%. Until the November U.S. election, market trends suggest that meme coin enthusiasts will likely continue to wager on these “knockoff” tokens.
BODEN is the token with the most significant increase in value during this rally on the meme coin market, as other market-leading tokens continue to liquidate.
